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FOX News
Nov 28, 2012 9:00pm PST
the government is. i'm very concerned. this is the first generation where americans are saddling their kids with unsustainable debt. >> exactly. >> sean: we've got to get off the track. just as a conservative, i believe in economic growth. i think government spends too much money. but if you're saying the government's going to take in $1.1 trillion more through tax reform, eliminating deductions, but not increasing the tax rates, but lowering them, you're still getting more money, and it's not through growth, so that means people are paying more, right? >> no. the money is not coming to the government. the money is coming in to be used to lower the rates as well as pay down the debt, sean. you're exactly right about economic growth. and you just look at what's happened in the last year. we've had just a very slight uptick in economic growth. we've seen about a $350 billion revenue increase. the problem is, this administration is spending that money instead of applying it to the debt. can you imagine what kind of economic growth we would see if we had real meaningful corporate tax reform? >>
FOX News
Dec 3, 2012 9:00pm PST
like ronald reagan who understand this principle. bill clinton famously said the era of big government is over and the end of wel welfare as we know it. why? because government is not the answer. government is the problem. there was that other iconic democrat, the one that occupied the oval office in 1962. he spoke of the benefits of cutting taxes. president obama, i hope you're watching this. >> this can be the most important step we could take to prevent another recession. that is the right time to make tax cuts both for your family budget and the national budget. resulting from a permanent basic reform and reduction in our rate structure, a creative tax cut creating more jobs and income and eventually more revenue. it will include an across the the board top to bottom cut in both corporate and personal income taxes. the billions of dollars this bill will place in the hands of the consumer, and our businessmen, will have both immediate and permanent benefits to our economy. every dollar released from taxation that is spent or invested will help create a new job and a new salary and t
CNN
Nov 28, 2012 4:00pm PST
the government for a limited period of time. so the president really needs to tell us what his plan is. i'm increasingly pessimistic, not optimistic, because the president seems to be campaigning, rather than going anywhere and doing anything to get a deal. because if we don't get a deal, it will hurt a lot of people. >> are you saying that the way we're going now, we could actually go off the fiscal cliff? >> we don't know what the president has said he needs, because revenue is not enough to solve the problem. as you know, we have a trillion dollar annual deficit and this would not close that gap at all. so the president needs to come up with a plan and for better or worse going to require leadership. no member of the senate or the house is going to be able to do this, this is something the president has to do by himself and he can't do it on the campaign trail. >> let me ask you this because you wrote an op-ed today and you wrote about divided government about the deal. you said divided government means that neither democrats nor republicans will be able to pass legislation along stric
FOX Business
Dec 5, 2012 5:00pm EST
with this. this is all about, all about trying to preserve medicare. so the government in this case is unusually probably trying to do the right thing. i don't know everything about it yet because it is still a little furry around the edges. but aarp jumped on this. this is not good for members. the premiums. will go down. melissa: if it went through it could be good for the members in the sense that medigap premiums would go down. >> exactly. melissa: that is something their members would really like. but once again they would not. this is the big sticking point that happens again and again. >> right. melissa: you think aarp is out there because you're a senior lobbying in your best interest. meanwhile on their website, call your congressman, do this, do that e-mails. you could be following their lead and doing things actually against your best interest. >> yeah. the problem if you don't really pay attention to what they're doing they mask it so beautifully. they really do, a good job. i watch their commercials all day long. always sounds like they're advocating for their seniors.
CNN
Nov 29, 2012 7:00pm PST
be -- save enough money or raise enough revenues to run the government for eight and a half days. that doesn't make any sense. plus, the president is announcing that he doesn't even want to put it towards deficit spending. he wants to do new spending, new stimulus, new infrastructure, new education. there's not one word of entitlement reform, social security reform, medicare reform. the structural debt. let me tell you what the leverage is, cornel. you want to know what the heart of the electorate is? it's the senate democrats who are elected in the last midterms and the senate democrats that were elected this time on a debt reform, spending reform, entitlement reform. those are your senate democrats who couldn't even pass something that was half as bad as this. you're not -- this is worse than laughable. it's despicable. >> a couple of things. one, mary, i love you in red. two is that look, what's wrong with us going back to quite frankly the rate under bill clinton? you remember the clinton years? the largest economic expansion in our history? everyone's boat rising, everyone paying their
CNBC
Dec 5, 2012 7:00pm EST
detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was warning about? >> well, not quite yet. u.s. officials tell us that the syrian military is poised to use chemical weapons against their own people, and all it would take really is the final order from syrian president assad. but we have learned that as of today, all the precursored chemicals for that deadly nerve gas have in fact now been loaded on to aerial bombs, but those bombs are still in the depots. they haven't been loaded on to airplanes yet, and president assad hasn't given the order. but they're pretty close, larry, and that's why earlier this week, of course, president obama issued a very strong statement aimed at president assad saying look, if you use these weapons against your people, there will be se
CNN
Dec 5, 2012 1:00pm PST
of their money to the federal government without raising tax rates which we believe am harm our economy. >> one conservative in the senate is breaking ranks with his party over the whole idea of raising tax rates with the party. tom coburn told msnbc today he would be okay with doing what the president wants, raising taxes on the wealthy, as long as it is coupled with entitlement reform and spending cuts. the reason we're told is because he believes at this point it's better to do that to get what he and other republicans want long term, which is a fundamental overhaul of the tax code, perhaps they can get that if they give the president what he wants now. you remember, coburn was among the first republicans a couple years ago to say it was okay to raise revenue. now he appears to be the first senate republican to say he would be okay with raising rates as long as it's part of that package we described. >> a meeting or a phone call between john boehner and president obama, is that at all in the works? >> as far as we know, no. whether it's in the works, we could only hope, at this point we do n
CNN
Dec 4, 2012 6:00pm PST
going over the fiscal cliff. >> those three guys are here live. and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. ja ma jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the temperature was a balmy 60 degrees this afternoon in new york just outside cnn's studios. the average high temperature in december is normally 43. a warm front has flooded the lower 48 states. quite extraordinary but is it evidence of man-made global warming? that's tonight's battleground america. joining me now, bill nye the science guy and mark morano, the publisher of climate depo.com. welcome to you both. let me start with you, mark, if i may. you are implacably opposed to the concept of man-made climate change. why? >> we followed the evidence. there are quite
FOX News
Nov 28, 2012 7:00pm PST
of the president's promised balanced approach. you know, where is he going to start restrained growth in government? we're open to working with anybody who's willing to acknowledge the problem. >> greta: who's going to blink first? >> first of all, let me tell you where you should get revenue. >> greta: okay. >> by growing the economy. just a couple numbers. already in this meager economic recovery, we've increased revenue to the federal government by $344 billion. if we just return to a normal economy, like we had in 2007, under president bush, where proven was 18.5% of our economy, that would raise another $400 billion per year. the president's proposal right now, the highest estimated is $75 billion, a tenth of that. economic growth is 10 finals more effective at raising revenue. the problem with punishing success, the problem with the president's proposal, it will put that economic growth at risk. you know, i think the best question really is, what is the president's plan? show us your plan. this is about returning confidence to the economy. >> greta: a plan to rev up the economy or a plan for
MSNBC
Dec 5, 2012 6:00pm PST
reform debate, which may be apocryphal, "keep government hands off my medicare." the big tea party uprising was in large part a reaction to the idea, quote/unquote, of socialized medicine. it was the affordable care act, and the government, quote, takeover of health care, that fanned the flames of the post-obama tea party protest. but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the bigg
FOX Business
Dec 3, 2012 7:00pm EST
on the ads, making shut down the government, make them look bad, recreate 1995 which i participated in. you make it look bad and you get a shot to take back the house and create american public opinion to work for you. >> and the country goes bankrupt thank you for being honest. >> i'm not writing policy, nor am i policy person, but i do understand. this is an attempt under this president to ensure that the republicans look as bad as they have never looked. lou: the republicans, this is a direct attack. and to elements of the dna of the republican party. one is low taxes and secondly, it is a sense of fiscal prudence and responsibility. if they play it is entirely wrong they could have both of those elements of their dna strips from them. >> that is right. the thing i worry about is the republicans seem to negotiates themselves. they blew an opportunity to frame this issue to the american people. when you had the senate minority leader, and laugh when he heard about the proposal, if i were him i would have come out and said, you know what, this administration wants to usurp the constitttion
MSNBC
Nov 28, 2012 8:00pm PST
are in congress, you will reign in spending and reform government, not raise taxes. >> they are just going right back at one another aren't they, boom, boom. these are republicans, all of the sudden just at each other's throats. republican congressman, peter king, responded. >> the fact he brought my wife into it. i don't think he has ever met me, certainly never met my wife. he better hope he doesn't. she will knock his head off. >> king also explained why norquist is wrong on substance. >> i did sign a pledge back in 1996, during the whole conflict with the clinton administration over the government shutdown. i was totally opposed to any tax increases at that time. but to say that a pledge on an issue like taxes would last for a lifetime is ridiculous. ronald reagan raised taxes a number of times because that's what he had to do to close the deal. >> when norquist started his anti-tax pledge, the deficit was $220 billion. now, it tops $1 trillion. this is a turning point for the gop or at least it could be. the other thing you need to know about is the money trail. in 2010, 66% of funding for
CNBC
Dec 4, 2012 4:00pm EST
the presidential palace today. jim joins us now on the telephone. >> well, those tense of thousands of anti-government protesters who did the marching on the presidential palace were initially met by riot police who blocked off all approaches to the symbolic seat of power, the palace. these protester were calling loudly for an end to president morsi's decrees. we know they've given him near absolute power. they also call for a cancelling of that snap referendum that he's called for to ratify a draft constitution, which many critics here are saying favors egypt's islamists. at one point, the police were seen firing tear gas into the crowd, but that backfired when some protesters broke through police lines. police then dropped back, regrouped, and order soon returned. eventually morsi's motorcade was seen leaving the palace. then the police slowly left the area as well, leaving it to a lot of baffled protesters, wondering what to do. many of them went home at that point. maria, the opposition calmed this protest a last warning. it may give them a shot in the arm. they did look good tonight and looked li
CNN
Dec 1, 2012 4:00am PST
demgraphically at african-american voters, they are less inclined to believe that absolute limited government works. i think the gop is going to have to go more towards a small government, economic populous message. >> as funny as it sounds, you were very clear about the ambiguity this week on redstate.com. you're not sure what republicans in congress stands for as it relates to fiscal issues. where would you like to see them go? >> i would like to see the gop be a limited government party. it makes the case that spending from washington doesn't actually help people. the younger voters actually think it does. the gop needs to make the case it doesn't. but, in particular, i think republicans need to understand that it is easier because of them and because of the democrats for a major corporation to go to washington with lobbyists and get loopholes in the law than it is to innovate. the gop needs to stop being the party of big business and start being the party of entreprene entrepreneurs. >> let's listen to something senator john mccain said this week about demographics and moving forward poli
CNBC
Dec 4, 2012 6:00am EST
except trying to rein in government. >> the truth of the matter, what's a starting to happen is that international investors, the fact that we cannot govern is going to really come home to roost. >> gld man says this is the first time he's seen people take it out of american markets. >> it's he supposed to work this w way. they can't govern either. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of pres
FOX News
Nov 30, 2012 7:00pm PST
's the bottom line. be straight with the people that's all we expect of our government. honesty. so we can as the people being served so we can judge the decisions being made. jay carney, just so objects it in and arrogant really in -- obstinate and arrogant in his replies and exchange with the media. if i were a member of the media being scolded as carney does i would be offended and would it make me want to be a better reporter and investigator of what the facts are with this libya tragedy. >> greta: dirty secret in washington on both sides of the aisle is access, you will lose access, you have to use good judgment. i'm not saying you sell your soul to the administration. >> so what if you lose access to obama. you know why people don't want to lose -- the american people don't care if a reporter isn't going to have access to the obama administration because what is coming back as a result of having that privilege powerful access. lack of transparency, more confusion, more uncertainy and lights. why in the world would a reporter be concerned about whether they are going to get more of th
FOX News
Nov 30, 2012 10:00pm PST
expect of our government, is honesty. so that we can, as the people being served, so we can judge the decisions being made. and jay carney, just so obstinate and arrogant really, in his replies and in his exarchals with the media over this. if i were a member of the media, being talked to and scolded as jay carney does to them, i would be quite offended and it would make me want to be an even better reporter and better investigator of what the facts truly are with this libya tragedy. >> the dirty little secret in washington, on both sides of the aisle, you will lose access -- you have to -- you have to use good judgment. i am not saying that you sell your soul on the administration -- >> so what? so what if you lose access to obama? you know why people-- the american people don't care if a reporter is not going to have access to the obama administration because what's coming back as a result of having that privileged, powerful access is this lack of transparency. it's more confusion. it's more uncertainty and it's lies! so why in the world would a reporter be concerned about getti
CNN
Dec 6, 2012 8:00am PST
: the big question still what will the federal government do. pot still illegal federally burning here and soon in colorado. >> so miguel, you just mentioned that there could be this boom in tax revenue if they tax it at 25%. i don't understand how that will work because today you can't buy it, you can't sell it and you can't grow it legally. how can you tax it? >> reporter: that's the huge piece that needs to be worked out by the washington state bureau of liquor that's going to run all of this just like they regulate liquor sales, they're going to regulate marijuana sales. they're going to license and tax the growing, the processing and retail sales for all marijuana all at 25% plus fees for every individual that goes into those various businesses. they project that in the first five years nearly $2 billion from this program alone. >> and then this is not the only state because during this federal election there were two states that ended up on positive end of legalizing recreational marijuana. the other one being colorado. why do we not see a party there today? >> reporter: because
MSNBC
Dec 3, 2012 6:00pm PST
in the past. when americans are better off, they pay more in taxes. the government can pay for the usual things and pay down the debt. president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became no big deal and then the debt was gone and the debt clocks that were supposed to be scary got shut off. that was because of prioritizing economic growth and being willing to raise revenues. look when we started growing again after the recession. it was not long after the stimulus kicked in. the government spent money and the economy grew. that's how it works. that's why it used to be a beltway consensus when the economy needed to e grow, you needed economic stimulus in terms of your fiscal policy. now the discussion about how we need to make sure we contract the economy and cause as much pain as possible to the people who will be hurt the most by that contracting, maybe that makes sense on sunday morning, but the rest of us go to work during the week and sometimes we go to pa
CNN
Dec 4, 2012 1:00pm PST
. but sounding off, chanting anti-government and anti-president slogans. they've left that area, but the opposition still out here protesting against the president in tahrir square. >> we'll keep a close eye on that situation. i'm brooke baldwin in atlanta. thanks for being with me. let's go to wolf blitzer. "the situation room" begins right now. >>> happening now, president obama says we're out of time for anything but a down payment for solving the nation's spending crisis. >>> amid fears, the government may resort to chemical weapons, nato says yes to turkey to giving them patriot missiles. we'll talk to the former british prime minister, tony blair. >>> as they await a new heir to the throne, the british consider changing the rules about who can become king or queen. i'm wolf blitzer. you're in "the situation room." >>> we begin with president obama's latest ideas for getting past the standoff with house republicans. he now says there isn't enough time left to do a comprehensive deal, including tax reform, fixing medicare. so he wants congress to raise tax rates for the weal
CNBC
Dec 6, 2012 6:00am EST
to dangerous levels that might have required a government bailout. a lot of people weren't marking things where needed to go. >> i have a lot of questions about this story. it's an amazing allegation. $12 billion in paper losses. >> a lawyer from one of the whistle blowers will join us at 6:50. in a statement to cnbc, the bank says that allegations have already been investigated and all accounting was proper. >> my biggest questions are the allegations say the bank was doing it 2007 to 2010 and nobody came forward until late 2011 to make any complaints. i just wonder if you had been complaining the whole time along -- >> we just had this discussion about how far away do you need to be to where it's a false mark. at least 10% wiggle room. there were no buyers. if there is buyers, does that make it zero. >> basel 2 created a system that if things became less liquid, there is no change in the actual value of of the underlying asset. just couldn't sell it. so it's a bit like saying my house is a lesser asset because i can't accept it right now even though i don't want to sell it right now. >> who m
FOX Business
Nov 30, 2012 8:00pm EST
of this government, geronimo. and carol says sandra on the cover of time magazine, but it was on the backs of the taxpayers a cent. that's it for us. have a pleasant weekend, good night from new york. neil: good evening. >> it's not house, it's a at the home. and we need help. >> we are the people. we are the middle class. neil: this is getting heated. the fury over fema. welcome, i am neil cavuto. staten island residents erupted over a fema that this is not helping. they are in a self-congratulatory bubble. >> fema has been fantastic. >> today you hear nothing about the things about fema. >> everyone has made this a number one priority and this continues to be my number one priority. neil: it remains sticky with this politician parade. thousands of angry victims simply looking for answers, and they are not getting them. cash-strapped homeowners dealing with mortgage is very much alive and well and thinks the dataset on keeping those mortgages current. this week it is like an awful lot. it's piling up. this next guest knows it firsthand. scott mcgrath. he was at that town hall meeting and
FOX News
Dec 4, 2012 7:00pm PST
to believe a president or anyone else that later on the government is going to do this? i mean, does he think -- i mean, it's absurd. no american is going to trust that i'm here from the government and here to help you or don't worry, we're going to do this alert. >> it goes back to the basic premise i stated which i don't think the president really wants a deal. he's happy with the deal he's got, and unless the republicans. >> he has no deal. >> he does. he has the deal put in place over a year ago which is all the tax rates going back to where they are, and two big cuts, a big cut in defense and a big cut in domestic program. >> so he wants to go off the cliff. >> all right. he doesn't see it as a cliff. he sees it as a pretty good deal that they negotiated over a year ago that puts him in a position where he doesn't have to negotiate, that he can negotiate from a position of strength. >> but he has a slight other problem and that's at the end of december we're going to bump up against the debt ceiling and he wants that debt ceiling to go up. here's another thing he did which maybe you can
CBS
Nov 30, 2012 5:30pm PST
and his heech today as more static than substance. >> pelley: major, thank you. well, the government will be getting a shot of revenue, about $67 million from just one american family in dearborn, missouri. that is their tax bill after they hit the lottery jackpot. mark and cindy hill claimed their share of the record $588 million power ball jackpot. that's their six-year-old daughter jayden whom they adopted from china and her big brothers. cindy, who lost her job two years ago, was the first to know that they'd won. >> i didn't find out until the next day after i'd taken my daughter to school and i went by to see what the numbers were and i got back in my car and i didn't have my glasses and i was thinking "is that the right numbers, is that the right numbers?" and i was shaking and i called my husband and i said "i think i'm having a heart attack." >> pelley: the hills take home $135 million after taxes. mark hill, a mechanic, is quitting his job. >> i talked to my boss over the phone. he didn't belief me. later he called back and said "really?" i said "yup, really." >> pelley: th
MSNBC
Dec 4, 2012 11:00pm PST
before or after the government goes over the so-called fiscal cliff. "new york times" columnist david brooks describes it this way. republicans will be raising middle class taxes in order to serve the rich. shafting sam's club to benefit the country club. if republicans do this, they might as well get mitt romney's 47% comments printed on t-shirts and wear them for the rest of their lives. so republicans have to realize they're going to have to cave on tax rates. the only question is what they get in return. michael steele is former chair of the republican national committee and an msnbc political analyst, and steve mcmahon's a democratic strategist. michael, you're on the republican side, and what do you think of that? the argument made by brooks which is more sophisticated. make your deal now while you can get something for it because after january 1st you will just be saving your rear end. >> i think he's absolutely right. i think part of that deal should include giving the president what everybody in this town agrees on, and that is those middle tax cuts for the middle class out o
FOX Business
Nov 30, 2012 4:00pm EST
is holding up extremely well and what everyone has priced in is the government is going to be keeping more of our money and giving benefits but what also factored in is the fact that real-estate has turned a corner and that is a much bigger driver of next year's growth and there might be some uncertainty everyone believes even if we go over the cliff they will get to resolution a couple weeks after that and the market might need to go 500 points to get them to do something they will still do something. dave: a very interesting point. the market has priced this volatility inside. i am wondering how far the pricing goes. for example because the demands from the white house were so extreme there were no spending cuts at all except that promises about the future of medicare and double the cost of tax increases. if they don't reach a conclusion ben bernanke says we are a recession, has that been included in the price of the market? >> i don't see how it can be. with the vix close today was 15 and the proposal is ridiculous. the last 70 years, a percentage of gdp, spending is about 20 and 50% of
FOX Business
Nov 30, 2012 1:00pm EST
shows the government is missing the mark on who is paying their fair share. elizabeth macdonald has been investigating this one. >> you were talking about this earlier. take a look at this. only one week, 1.5 weeks of government spending. that is a hike in the offer to bracket, not just the top bracket. but, as for fair share, take a look at what the top 1% pace. they pay yearly 40% of all federal personal income tax. they make about a fifth of adjusted gross income. top 5% pay nearly 60% of federal personal income tax revenues. they make about a third of all income. you will see 71% is their fair share. they are responsible for about 45% of all income. the bottom 50%, their affective share is now running around 2.4%. we get it. we get that that includes senior citizens and ella terry. lori: that is a good idea. >> they are actually paying less about pie. what will you do, if you raise government spending 4% every year, can you really raise taxes 4% every year? no. lori: if we don't have meaningful spending cuts, there is no budget deal. >> went well tax increases be called austerity. lo
FOX News
Dec 2, 2012 3:00am PST
freedman brought us, that spending is really the tax bill. it's just delayed. so, every toll the government spends eventually they're going to have to take it from someone, either in taxes or in inflation, so, this is why you're seeing a lack of business investment is because this massive spending and huge debt tells every business owner, every investor, big tax are are coming to eventually pay for this. >> what was the point of the piece? i know there's hand wringing out there, maybe the folks on the right say under obama our taxes have gone up and we may more in taxes than we've ever paid and attempt to say, we're not-- >> this is long-term by the president and his allies to create an intellectual justification to raise taxes and in this case, they use the reagan years and often went back to times after world 2, where we were the only big kind of big, healthy industrial economy to say look, we grew then. and again, the point is that we're in a slow growth economy, high unemployment economy, a more competitive world thanks in part to our policies of the past, we need to compete and the hig
MSNBC
Dec 4, 2012 7:00pm PST
leadership and also, i'm someone who wants to govern and i can only govern if i make you understand that i'm not going to put up with it anymore. >> it seems like an outburst that has been two years in coming and is loaded with things like, we don't have control of the united states senate because of you, tea party people who have given us nuts as republican senate nominees. and boehner's life would be so much better if he was working with a republican senate instead of the democratic senate he is working with. >> yes. and also, though, i think this message is that the speaker, he wants to govern. the whole point of coming to washington is not just to slash, cut, close. it is about governing. and john boehner for whatever you think of him is someone that wants to get a deal. he wants to govern. by doing what he has done, he is saying, look. enough with the games. we don't have the senate as you were saying. the only way we can do this is if i pull on the reins a whole lot. not just a bit. that's what he's done. >> the striking thing is how much outrage there is not. we had to comb around t
CNBC
Dec 3, 2012 2:00pm EST
2009. you mean bright spot economically speaking? >> yes. government has stepped in with more spending and we think that could actually support the economy actually for the first half of the next year. >> dan, prediction time at cnbc. i'm going to ask you to give us one or two predictions for 2013. >> we're finishing up our outlook right now. we have a decidedly optimistic outlook for us. i think if we can get this fiscal cliff thing out of the way in the u.s., the case for the economy to expand at a 2% clip or so is pretty strong. in terms of the equity markets, we're going into the year thinking that the bias is top upside here. i think the trend that we've seen of late absent a stupidity mistake out of washington is likely to hold for the foreseeable future. >> a prediction for 2013 from you as well, gina, perhaps the one kwe can steal. >> we think we're more tempered. we think it is probably 1.6% growth but we'd agree there will probably and positive bias in the first half of the year and probably a more negative bias during the second half of the year. >> 1.6% growth, gina, stinks
CNN
Nov 30, 2012 11:00am PST
, is what role should the government play when it comes to the issue of marriage, which throughout history has been regulated by the states. so the supreme court could look at this narrow question of federal power, or they could sort of broaden it out into the discriminatory effects of the law and so on. it is really up to them to determine the scope of the case. most court watchers would say this is the most likely of all the legal challenges to be taken up, don. >> timeline for rulings and arguments here? >> well, if the court takes this up, say today, we're probably looking at march before you actually see the case argued and very likely not a decision until june because that is sort of the way the things play out and would probably be one of the last cases in the term to be decided, just like health care happened this past term. >> regardless, isn't it -- it is amazing. i never thought in my lifetime we would be covering this issue, having the supreme court possibly look at this particular issue. how far we have come. >> it is amazing. and in fairly quick time, and the question, frankl
FOX Business
Dec 3, 2012 3:00pm EST
kind of impact will government spending on things like medicare, social security, i mean, do you think it has gotten out of control? >> it is scheduled to go up by several percentage of gdp over the next couple decades. that had to be turned around. i think that everyone recognizes that is were spending control has to be focused on if we are to avoid much higher tax rates or an explosive national that. i think it is clear that the republicans are saying we will only go along with higher tax revenue, not higher tax rate, but revenue, if the administration will come forward with some plans to slow the growth of spending. lori: all of this going on against the backdrop where we have had low inflation. the fed has promised these low record rates all the way through 2013. what happens if we do get a situation where the fiscal cliff does involve higher taxes? you have higher taxes, a slowing economy and baby inflation. what do you think, will it start to kick in click select this is a recipe for disaster >> the accumulation of excess reserves in the commercial banks that right now are just p
ABC
Dec 4, 2012 5:30pm PST
medicare, from 65 to 67. that would help the government save almost $6 billion a year, according to one study, though it would also come at a cost. an average of $700 more in out-of-pocket costs for those seniors no longer eligible for medicare, not to mention additional health care costs for employers. and, diane, you talked about the political cold front here in washington, d.c. how frosty are things? well, house speaker john boehner did come to the white house last night for president obama's annual holiday party for members of congress, but he did not get in the receiving line to say hello to the president and get a picture taken with him as he has done in previous years and as dozens, if not hundreds, of members of congress did last night. diane? >> okay, jake tapper reporting from the white house tonight. >>> and now we head overseas. take a look at the size of this protest today in cairo, egypt, tahrir square, tens of thousands of protesters reeling from tear gas but determined to send a message to the world about their new duel over democracy, and here's abc's alex marquardt. >>
ABC
Dec 5, 2012 5:30pm PST
so much, rich. >>> and now, we turn to our consumer watchdog. the government sounding the alarm tonight about something that affects millions of older americans. you may have seen commercials calling for a reverse mortgage. but tonight, abc news has learned there's growing concern and the government may be ready to take action. here's abc's senior national correspondent jim avila. >> it was just grand. this was our dream. >> reporter: the family home, dream and nest egg for wisconsin's linda and jim mcmahon. until it had to be sold out from under linda to pay back a reverse mortgage as soon as her husband died. >> i get a letter, sorry to hear about your husband passing away. buy the house or move out. >> reporter: reverse mortgages give homeowners an immediate cash payment in exchange for future equity. allowing them to stay in the house until death. but only people 62 and older qualify. linda was too young to be on the mortgage, so, when her older husband died, she lost everything. it's only one danger inherent in the reverse mortgage. >> hi, i'm fred thompson. >> hi, i'm henr
MSNBC
Dec 6, 2012 2:30am PST
that went to congress not to limit government but to stop it. so what are you going to do? we have five democrats, five republicans that range from dick durbin from illinois and coburn of oklahoma, progressive conservative and five dems, five ren, one independent. that is a super majority. and for god sake, the reason we were so successful is that we effectively pissed off everybody in america. >> congratulations, sir. kudos. kudos to you. >> and there you go. alan simpson painting a bleak picture behind the scenes of the fiscal cliff negotiations. good morning. this is "way too early." thanks for being up with us this morning. we have a lot to get to on this thursday, december 6. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on the verge of crisis. first, let's get to the news live at 5:30 here at 30 rock in new york city. we begin with 25 days to go until the year end fiscal cliff deadli
CNN
Nov 30, 2012 10:00pm PST
neighborhood. i know firsthand that you better have government do something about the violence because that's what the people want. >> but the murder rate is up 25%. are you saying that the murder rate would be up 30%, 35% without this program? >> you take it one year at a time and you try and evaluate the programs and find out what is working, what isn't working so well, and you focus on the things that work well. you don't just say we're not going to do anything. >> reporter: even a member of quinn's own party, democratic state representative thaddaeus jones, has questions, asking where are the audits, administration costs and oversight of the many organizations. we can show you what the neighborhood recovery initiative did that is proof, say organizers. the money was well spent. teaching teens to change behaviors. and for $8.75 an hour, this is how the teens worked to reduce chicago's murder rate. >> this week we're talking about seeking inner peace. >> how do you deal with stress. >> my topic is about being healthy. >> governor quinn does not miss this parade. >> reporter: and yes, the
FOX Business
Dec 3, 2012 4:00pm EST
and the cuts in the government won't be as severe as a lot of people are fearing. >> sounds optimistic. and a new report showing more small businesses are putting a for sale sign on their doors. who's selling, who's buying, and why? it's the internet's largestsell, marketplace for buying and selling small businesses. ♪ [ male announcer ] this is steve. he loves risk. but whether he'slimbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with peoplee trusts, which is why he trades with a company that doesn't nick and dime him with hidden fees. so he can worry about other things, like what the market is doing and b ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. can i still ship a gift in time r christmas? yeah, sure you ca great. where's yr gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® f
MSNBC
Dec 5, 2012 8:00pm PST
benefits in dollar value from the federal government than they pay back in taxes. so we're going to a majority of takers versus makers in america. >> chasing ever-higher spending with ever-higher tax rates will decrease the number of makers in society and increase the number of takers. >> we do not have a nation, a majority of takers, we want to ç have a majority of makers. >> to hear paul ryan tell it, a sizable chunk of the american people are nothing but freeloaders, mooching off the productive folks at the top. that kind of talk made him the perfect partner for mitt romney, didn't it? but wait a minute, that was the old paul ryan. we've got a new and improved paul ryan and he's singing a much different tune. last night in his first address since the republican's defeat, romney gave some veiled criticism of his former running mate's 47% remarks by offering this. >> both parties tend to divide americans into our voters and their voters. let's be really clear. republicans must steer far clear of that trap. we must speak to the aspirations and the anxieties of every american. >>
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